UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN
PRIVATE ISSUER
PURSUANT TO RULE 13a-16
OR 15d-16 UNDER
THE SECURITIES EXCHANGE
ACT OF 1934
For
the month of August 2024
Commission File Number: 001-37657
YIREN
DIGITAL LTD.
28/F, China Merchants
Bureau Building
118 Jianguo Road
Chaoyang District,
Beijing 100022
The People’s
Republic of China
(Address of principal
executive offices)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Exhibit Index
SIGNATURES
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
| |
Yiren Digital Ltd. |
| |
|
| |
By: |
/s/ Na Mei |
| |
|
Name: |
Na Mei |
| |
|
Title: |
Chief Financial Officer |
Date:
August 20, 2024
Exhibit 99.1
Yiren Digital
Reports Second Quarter 2024 Financial Results
BEIJING
– August 20, 2024 – Yiren Digital Ltd. (NYSE: YRD) (“Yiren Digital” or the “Company”), an
AI-powered platform providing a comprehensive suite of financial and lifestyle services in China, today announced its unaudited financial
results for the quarter ended June 30, 2024.
Second Quarter 2024 Operational Highlights
Financial Services Business
| · | Total
loans facilitated in the second quarter of 2024 reached RMB12.9 billion (US$1.8 billion),
representing an increase of 8.6% from RMB11.9 billion in the first quarter of 2024 and compared
to RMB8.2 billion in the same period of 2023. |
| · | Cumulative
number of borrowers served reached 10,807,497 as of June 30, 2024, representing an increase
of 8.3% from 9,978,280 as of March 31, 2024, and compared to 8,002,372 as of June 30,
2023. |
| · | Number
of borrowers served in the second quarter of 2024 was 1,491,756, representing an increase
of 10.3% from 1,352,200 in the first quarter of 2024 and compared to 1,013,972 in the same
period of 2023. The increase was due to our ongoing effort in customer acquisition and user
experience enhancement. |
| · | Outstanding
balance of performing loans facilitated reached RMB21.8 billion (US$3.0 billion) as of June 30,
2024, representing an increase of 8.3% from RMB20.2 billion as of March 31, 2024 and
compared to RMB12.8 billion as of June 30, 2023. |
Insurance Brokerage Business
| · | Cumulative
number of insurance clients served reached 1,410,158 as of June 30, 2024, representing
an increase of 4.9% from 1,343,660 as of March 31, 2024, and compared to 1,133,069 as
of June 30, 2023. |
| · | Number
of insurance clients served in the second quarter of 2024 was 88,766, representing an increase
of 20.5% from 73,687 in the first quarter of 2024 and compared to 135,449 in the same period
of 2023. The increase was primarily due to the continued growth of our property insurance
business. |
| · | Gross
written premiums in the second quarter of 2024 were RMB1,060.9 million (US$146.0 million),
representing an increase of 16.3% from RMB912.4 million in the first quarter of 2024 and
compared to RMB1,332.5 million in the same period of 2023. The increase was mainly attributed
to the continued expansion of our property insurance business. |
Consumption and Lifestyle Business
| · | Total
gross merchandise volume generated through our e-commerce platform and “Yiren Select”
channel reached RMB554.6 million (US$76.3 million) in the second quarter of 2024, representing
a decrease of 11.3% from RMB625.1 million in the first quarter of 2024 and compared to RMB395.8
million in the same period of 2023. The decrease was mainly due to the already high penetration
of our products and services within the existing customer pool, along with our strategic
scale-back in product offerings as we shift our focus to upgrading customer segmentation. |
“Despite the evolving market environment,
we are pleased to report another solid quarter with strong unit economics, reflecting the resilience of our business structure and operational
strategies, as well as our commitment to quality growth over mere expansion.” said Mr. Ning Tang, Chairman and Chief Executive
Officer.
“Our continued investments in
AI and the seamless integration of technological innovations into our operations have fostered dual growth in both technological advancements
and operational efficiency. Our strategic direction positions us well to evolve into a leading AI-driven platform, paving the way for
groundbreaking solutions and setting new industry standards.”
“In
the second quarter of 2024, our total revenue reached RMB 1.5 billion, representing 13% increase year-over-year. We generate approximately
RMB 369 million net cash from operation in this quarter, remaining healthy and strong.” Ms. Na
Mei, Chief Financial Officer commented. “On the balance sheet side,
our balance sheet remained strong with RMB 5.5 billion in cash and cash equivalents as of the end of this quarter and we are exploring
diversified ways to enhance our shareholder returns. Through both our cash dividend policy and share buybacks, we aim to reward our shareholders
for their long-term trust and support, while also boosting market confidence.”
Second Quarter 2024 Financial
Results
Total
net revenue in the second quarter of 2024 was RMB1,496.5 million (US$205.9 million), representing
an increase of 13.0% from RMB1,324.2 million in the second quarter of 2023. Particularly, in the second quarter of 2024, revenue from
financial services business was RMB851.0 million (US$117.1 million), representing an increase of 46.2% from RMB582.0 million in the same
period of 2023. The increase was attributed to the persistent and growing demand for our small revolving loan products. Revenue from
insurance brokerage business was RMB91.5 million (US$12.6 million), representing a decrease of 77.4% from RMB404.7 million in the second
quarter of 2023. The decrease was primarily driven by a decline in life insurance sales, resulting from product modifications mandated
by new regulations, along with an industry-wide reduction in commission fee rates due to the implementation of more stringent regulatory
standards on rates and terms. Revenue from consumption and lifestyle business and others was RMB554.0 million (US$76.2 million), representing
an increase of 64.1% from RMB337.5 million in the second quarter of 2023. The annual increase was primarily attributed to the continuous
growth of the service and product penetration in the expanding base of paying customers. As the penetration rate reached a substantial
level in the second quarter of 2024, the growth rate is expected to moderate.
Sales
and marketing expenses in the second quarter of 2024 were RMB285.1 million (US$39.2 million),
compared to RMB148.9 million in the same period of 2023. The increase was primarily driven by the swift growth of our financial services
segment and enhanced marketing endeavors aimed at attracting new, high-caliber customers while optimizing our customer composition.
Origination,
servicing and other operating costs in the second quarter of 2024 were RMB246.5million (US$33.9
million), compared to RMB346.4 million in the same period of 2023. The decrease was mainly due to the decline in insurance brokerage
services.
Research
and development expenses1 in the second quarter of 2024 were RMB55.8 million (US$7.7
million), compared to RMB33.0 million in the same period of 2023. The increase was mainly attributed to our ongoing investment in AI
upgrades and technological innovations.
General
and administrative expenses in the second quarter of 2024 were RMB68.7 million (US$9.4 million),
compared to RMB63.7 million in the same period of 2023. The increase was primarily due to personnel adjustments.
Allowance
for contract assets, receivables and others in the second quarter of 2024 was RMB123.3 million
(US$17.0 million), compared to RMB48.9 million in the same period of 2023. The increase reflects the growing volume of loans facilitated
on our platform and the more stringent risk estimates in response to the evolving external credit environment.
Provision
for contingent liabilities in the second quarter
of 2024 was RMB278.9 million (US$38.4 million), compared to RMB12.0 million in the same period of 2023. The increase was mainly attributed
to a higher volume of loans facilitated under our risk-taking model2.
Income
tax expense in the second quarter of 2024 was RMB92.0 million (US$12.7 million).
Net
income in the second quarter of 2024 was RMB409.5 million (US$56.4 million), as compared to RMB527.3
million in the same period in 2023. The decrease was primarily due to the growing loan volume facilitated under our risk-taking model,
resulting in substantial upfront provisions required by the current accounting principles.
1 Research and development expenses have been segregated
from general and administrative expenses and restated for historical periods to better reflect the Company’s cost and expense structure.
2
The risk-taking model refers to the framework in which the company assumes the credit risk
for the loans facilitated on our platform.
Adjusted
EBITDA3 (non-GAAP) in the second quarter
of 2024 was RMB481.1 million (US$66.2 million), compared to RMB661.7 million in the same period of 2023.
Basic
and diluted income per ADS in the second quarter of 2024 were RMB4.7 (US$0.7) and RMB4.7 (US$0.6)
respectively, compared to a basic income per ADS of RMB6.0 and a diluted income per ADS of RMB5.9 in the same period of 2023.
Net
cash generated from operating activities in the second quarter of 2024 was RMB368.9 million
(US$50.8 million), compared to RMB718.1 million in the same period of 2023.
Net
cash used in investing activities in the second quarter of 2024 was RMB536.9 million (US$73.9
million), compared to RMB20.0 million in the same period of 2023.
Net
cash used in financing activities in the second quarter of 2024 was RMB125.9 million (US$17.3
million), compared to RMB6.1 million in the same period of 2023.
As of June 30, 2024, cash and cash
equivalents were RMB5,496.9 million (US$756.4 million), compared to RMB5,904.0 million as of March 31, 2024. As of June 30,
2024, the balance of held-to-maturity investments was RMB5.1 million (US$0.7 million), decreased 51.2% from March 31, 2024. As of
June 30, 2024, the balance of available-for-sale investments was RMB329.8 million (US$45.4 million), compared to RMB379.5 million
as of March 31, 2024. As of June 30, 2024, the balance of trading securities was RMB83.9 million (US$11.5 million), compared
to RMB78.0 million as of March 31, 2024.
Delinquency
rates. As of June 30, 2024, the delinquency rates for loans that are past due for 15-29
days, 30-59 days and 60-89 days were 0.8%, 1.4% and 1.6%, respectively, compared to 0.9%, 1.6% and 1.4%, respectively, as of March 31,
2024.
Cumulative
M3+ net charge-off rates. As of June 30, 2024, the cumulative M3+ net charge-off
rates for loans originated in 2021, 2022 and 2023 were 6.1%, 4.6% and 5.9%, respectively, as compared to 6.3%, 4.7% and 3.9%, respectively,
as of March 31, 2024.
Management Change
The Company announces that Ms. Na
Mei will resign from her position as Chief Financial Officer due to personal reasons effective as of the close of business on August 20,2024
New York time. Ms. Mei will continue to serve CreditEase, Yiren Digital’s parent company, and assist in ensuring a smooth
transition to the new CFO. The board of directors of the Company (the “Board”) extends its gratitude to Ms. Mei for
her dedicated service and significant contributions during her tenure.
3
“Adjusted EBITDA” is a non-GAAP financial measure. For more information on this
non-GAAP financial measure, please see the section of “Operating Highlights and Reconciliations of GAAP to Non-GAAP Measures”
and the table captioned “Reconciliations of Adjusted EBITDA” set forth at the end of this press release.
Following this development, the Board
has appointed Mr. Yuning Feng as the new Chief Financial Officer to succeed Ms. Mei. Mr. Feng brings extensive experience
and expertise in investment banking and financial control to the role, and the Board is confident in his ability to lead the Company’s
financial operations with distinction.
Mr. Feng possesses over a decade
of experience in venture capital investment, investment banking and financial control. Before joining Yiren Digital, he was a partner
at CE Innovation Capital, from 2015 to 2018 and from 2021 to 2024. In this role, he led investments in fintech, enterprise solutions,
and AI sectors, managed investment portfolios, and contributed to fundraising and fund management. From 2018 to 2021, Mr. Feng served
as an investment banker at China Renaissance, specializing in corporate finance for fintech and enterprise solutions companies, where
he established strong connections with a variety of companies and investors. Earlier in his career, Mr. Feng was a financial controller
at Goldman Sachs and UBS from 2008 to 2012. He received a bachelor’s degree from Beijing Foreign Studies University in 2008 and
an MBA from the University of Warwick in 2014.
Dividend Policy
The Company is pleased to announce that
the Board has approved a semi-annual dividend policy, reflecting our commitment to delivering value to our shareholders. Pursuant to
the policy, the Board plans to declare semi-annual dividends at an amount equivalent to no less than 10% of the Company’s anticipated
net income after tax in each half year commencing from the first half of 2024. The determination to declare and pay such semi-annual
dividends and the amount of dividends in any particular half year will be made at the discretion of the Board and will be based upon
the Company’s operations, earnings, cash flow, financial condition and other relevant factors that the Board may deem appropriate.
The cash dividend for the first half
of 2024, a payment of US$0.2 per American depositary share (the “ADS”), each representing two ordinary shares of the Company,
par value US$0.0001 per share, is expected to be paid on or about October 15, 2024, to holders of the Company’s ordinary shares
and ADSs of record as of the close of business on September 30, 2024, Hong Kong time and New York time, respectively.
Update on Share Repurchase
In September 2022, the Board authorized
a share repurchase program under which the Company may repurchase up to US$20 million worth of its ADSs. The share repurchases may be
made in accordance with applicable laws and regulations through open market transactions, privately negotiated transactions or other
legally permissible means as determined by the management.
In the second quarter of 2024, the Company
allocated US$4.0 million to repurchase shares in the public market. As of June 30, 2024, the Company had in aggregate purchased
approximately 4.3 million ADSs in the open market for a total amount of approximately US$13.5 million (exclusive of commissions) under
the 2022 share repurchase program.
Business Outlook
Based on the Company’s preliminary
assessment of business and market conditions, the Company projects the total revenue in the third quarter of 2024 to be between RMB1.4
billion to RMB1.5 billion, with a healthy net profit margin.
This is the Company’s current
and preliminary view, which is subject to changes and uncertainties.
Non-GAAP Financial Measures
In evaluating the business, the Company
considers and uses several non-GAAP financial measures, such as adjusted EBITDA and adjusted EBITDA margin as supplemental measures to
review and assess operating performance. We believe these non-GAAP measures provide useful information about our core operating results,
enhance the overall understanding of our past performance and prospects and allow for greater visibility with respect to key metrics
used by our management in our financial and operational decision-making. The presentation of these non-GAAP financial measures is not
intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting
principles generally accepted in the United States of America (“U.S. GAAP”). The non-GAAP financial measures have limitations
as analytical tools. Other companies, including peer companies in the industry, may calculate these non-GAAP measures differently, which
may reduce their usefulness as a comparative measure. The Company compensates for these limitations by reconciling the non-GAAP financial
measures to the nearest U.S. GAAP performance measure, all of which should be considered when evaluating our performance. See “Operating
Highlights and Reconciliation of GAAP to Non-GAAP measures” at the end of this press release.
Currency Conversion
This announcement contains currency
conversions of certain RMB amounts into US$ at specified rates solely for the convenience of the reader. Unless otherwise noted, all
translations from RMB to US$ are made at a rate of RMB7.2672 to US$1.00, the effective noon buying rate on June 28, 2024, as set
forth in the H.10 statistical release of the Federal Reserve Board.
Conference Call
Yiren
Digital’s management will host an earnings conference call at 8:00 a.m. U.S. Eastern Time on August 20,
2024 (or 8:00 p.m. Beijing/Hong Kong Time on August 20, 2024).
Participants who wish to join the call
should register online in advance of the conference at: https://dpregister.com/sreg/10191859/fd4b40278f
Once registration is completed, participants
will receive the dial-in details for the conference call.
Additionally, a live and archived webcast
of the conference call will be available at: https://event.choruscall.com/mediaframe/webcast.html?webcastid=T01PiHJw
Safe Harbor Statement
This press release contains forward-looking
statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities
Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,”
“intends,” “plans,” “believes,” “estimates,” “target,” “confident”
and similar statements. Such statements are based upon management’s current expectations and current market and operating conditions
and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and
many of which are beyond Yiren Digital’s control. Forward-looking statements involve risks, uncertainties, and other factors that
could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include,
but are not limited to, uncertainties as to Yiren Digital’s ability to attract and retain borrowers and investors on its marketplace,
its ability to introduce new loan products and platform enhancements, its ability to compete effectively, PRC regulations and policies
relating to the peer-to-peer lending service industry in China, general economic conditions in China, and Yiren Digital’s ability
to meet the standards necessary to maintain the listing of its ADSs on the NYSE or other stock exchange, including its ability to cure
any non-compliance with the NYSE’s continued listing criteria. Further information regarding these and other risks, uncertainties
or factors is included in Yiren Digital’s filings with the U.S. Securities and Exchange Commission. All information provided in
this press release is as of the date of this press release, and Yiren Digital does not undertake any obligation to update any forward-looking
statement as a result of new information, future events or otherwise, except as required under applicable law.
About Yiren Digital
Yiren Digital Ltd. is an advanced, AI-powered
platform providing a comprehensive suite of financial and lifestyle services in China. Our mission is to elevate customers’ financial
well-being and enhance their quality of life by delivering digital financial services, tailor-made insurance solutions, and premium lifestyle
services. We support clients at various growth stages, addressing financing needs arising from consumption and production activities,
while aiming to augment the overall well-being and security of individuals, families, and businesses.
For investor and media inquiries,
please contact:
Yiren Digital
Investor Relations
Email: ir@yiren.com
Unaudited Condensed Consolidated
Statements of Operations
(in thousands, except
for share, per share and per ADS data, and percentages)
| |
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
| |
|
June 30,
2023 |
|
|
March 31,
2024 |
|
|
June 30,
2024 |
|
|
June 30,
2024 |
|
|
June 30,
2023 |
|
|
June 30,
2024 |
|
|
June 30,
2024 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
| Net revenue: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loan facilitation services |
|
|
514,353 |
|
|
|
676,295 |
|
|
|
695,532 |
|
|
|
95,708 |
|
|
|
931,518 |
|
|
|
1,371,827 |
|
|
|
188,770 |
|
| Post-origination services |
|
|
5,273 |
|
|
|
1,772 |
|
|
|
1,290 |
|
|
|
178 |
|
|
|
11,589 |
|
|
|
3,062 |
|
|
|
421 |
|
| Insurance brokerage services |
|
|
404,695 |
|
|
|
124,926 |
|
|
|
91,526 |
|
|
|
12,594 |
|
|
|
601,053 |
|
|
|
216,452 |
|
|
|
29,785 |
|
| Financing services |
|
|
14,896 |
|
|
|
10,666 |
|
|
|
19,574 |
|
|
|
2,693 |
|
|
|
37,473 |
|
|
|
30,240 |
|
|
|
4,161 |
|
| Electronic commerce services |
|
|
287,725 |
|
|
|
502,936 |
|
|
|
523,641 |
|
|
|
72,055 |
|
|
|
530,583 |
|
|
|
1,026,577 |
|
|
|
141,262 |
|
| Guarantee services |
|
|
6,343 |
|
|
|
16,853 |
|
|
|
68,934 |
|
|
|
9,486 |
|
|
|
12,102 |
|
|
|
85,787 |
|
|
|
11,805 |
|
| Others |
|
|
90,921 |
|
|
|
44,636 |
|
|
|
96,039 |
|
|
|
13,216 |
|
|
|
186,231 |
|
|
|
140,675 |
|
|
|
19,357 |
|
| Total net revenue |
|
|
1,324,206 |
|
|
|
1,378,084 |
|
|
|
1,496,536 |
|
|
|
205,930 |
|
|
|
2,310,549 |
|
|
|
2,874,620 |
|
|
|
395,561 |
|
| Operating costs and expenses: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Sales and marketing |
|
|
148,947 |
|
|
|
277,223 |
|
|
|
285,101 |
|
|
|
39,231 |
|
|
|
255,159 |
|
|
|
562,324 |
|
|
|
77,378 |
|
| Origination,servicing and other operating costs |
|
|
346,367 |
|
|
|
233,270 |
|
|
|
246,542 |
|
|
|
33,925 |
|
|
|
546,112 |
|
|
|
479,812 |
|
|
|
66,024 |
|
| Research and development |
|
|
33,018 |
|
|
|
40,521 |
|
|
|
55,812 |
|
|
|
7,680 |
|
|
|
62,187 |
|
|
|
96,333 |
|
|
|
13,256 |
|
| General and administrative |
|
|
63,723 |
|
|
|
83,674 |
|
|
|
68,670 |
|
|
|
9,449 |
|
|
|
127,104 |
|
|
|
152,344 |
|
|
|
20,963 |
|
| Allowance for contract assets, receivables and others |
|
|
48,865 |
|
|
|
102,334 |
|
|
|
123,285 |
|
|
|
16,965 |
|
|
|
88,271 |
|
|
|
225,619 |
|
|
|
31,047 |
|
| Provision for contingent liabilities |
|
|
11,975 |
|
|
|
67,258 |
|
|
|
278,925 |
|
|
|
38,382 |
|
|
|
17,474 |
|
|
|
346,183 |
|
|
|
47,636 |
|
| Total operating costs and expenses |
|
|
652,895 |
|
|
|
804,280 |
|
|
|
1,058,335 |
|
|
|
145,632 |
|
|
|
1,096,307 |
|
|
|
1,862,615 |
|
|
|
256,304 |
|
| Other (expenses)/income: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest income, net |
|
|
10,535 |
|
|
|
27,713 |
|
|
|
24,668 |
|
|
|
3,394 |
|
|
|
25,054 |
|
|
|
52,381 |
|
|
|
7,208 |
|
| Fair value adjustments related to Consolidated ABFE |
|
|
(17,470 |
) |
|
|
15,468 |
|
|
|
38,706 |
|
|
|
5,326 |
|
|
|
(28,673 |
) |
|
|
54,174 |
|
|
|
7,455 |
|
| Others, net |
|
|
2,730 |
|
|
|
677 |
|
|
|
(11 |
) |
|
|
(1 |
) |
|
|
6,319 |
|
|
|
666 |
|
|
|
91 |
|
| Total other (expenses)/income |
|
|
(4,205 |
) |
|
|
43,858 |
|
|
|
63,363 |
|
|
|
8,719 |
|
|
|
2,700 |
|
|
|
107,221 |
|
|
|
14,754 |
|
| Income before provision for income taxes |
|
|
667,106 |
|
|
|
617,662 |
|
|
|
501,564 |
|
|
|
69,017 |
|
|
|
1,216,942 |
|
|
|
1,119,226 |
|
|
|
154,011 |
|
| Income tax expense |
|
|
139,758 |
|
|
|
131,779 |
|
|
|
92,036 |
|
|
|
12,664 |
|
|
|
262,428 |
|
|
|
223,815 |
|
|
|
30,798 |
|
| Net income |
|
|
527,348 |
|
|
|
485,883 |
|
|
|
409,528 |
|
|
|
56,353 |
|
|
|
954,514 |
|
|
|
895,411 |
|
|
|
123,213 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average number of ordinary shares outstanding, basic |
|
|
176,929,176 |
|
|
|
174,282,443 |
|
|
|
172,831,722 |
|
|
|
172,831,722 |
|
|
|
177,353,262 |
|
|
|
173,557,082 |
|
|
|
173,557,082 |
|
| Basic income per share |
|
|
2.9806 |
|
|
|
2.7879 |
|
|
|
2.3695 |
|
|
|
0.3261 |
|
|
|
5.3820 |
|
|
|
5.1592 |
|
|
|
0.7099 |
|
| Basic income per ADS |
|
|
5.9612 |
|
|
|
5.5758 |
|
|
|
4.7390 |
|
|
|
0.6522 |
|
|
|
10.7640 |
|
|
|
10.3184 |
|
|
|
1.4198 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average number of ordinary shares outstanding, diluted |
|
|
179,124,032 |
|
|
|
176,202,571 |
|
|
|
174,711,554 |
|
|
|
174,711,554 |
|
|
|
179,650,148 |
|
|
|
175,457,062 |
|
|
|
175,457,062 |
|
| Diluted income per share |
|
|
2.9440 |
|
|
|
2.7575 |
|
|
|
2.3440 |
|
|
|
0.3225 |
|
|
|
5.3132 |
|
|
|
5.1033 |
|
|
|
0.7022 |
|
| Diluted income per ADS |
|
|
5.8880 |
|
|
|
5.5150 |
|
|
|
4.6880 |
|
|
|
0.6450 |
|
|
|
10.6264 |
|
|
|
10.2066 |
|
|
|
1.4044 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Unaudited Condensed Consolidated Cash Flow Data |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net cash generated from operating activities |
|
|
718,058 |
|
|
|
631,743 |
|
|
|
368,908 |
|
|
|
50,763 |
|
|
|
1,108,365 |
|
|
|
1,000,651 |
|
|
|
137,693 |
|
| Net cash (used in)/provided by investing activities |
|
|
(19,988 |
) |
|
|
(683,697 |
) |
|
|
(536,883 |
) |
|
|
(73,878 |
) |
|
|
754,295 |
|
|
|
(1,220,580 |
) |
|
|
(167,957 |
) |
| Net cash used in financing activities |
|
|
(6,120 |
) |
|
|
(14,774 |
) |
|
|
(125,884 |
) |
|
|
(17,322 |
) |
|
|
(398,951 |
) |
|
|
(140,658 |
) |
|
|
(19,355 |
) |
| Effect of foreign exchange rate changes |
|
|
329 |
|
|
|
1,340 |
|
|
|
(896 |
) |
|
|
(123 |
) |
|
|
148 |
|
|
|
444 |
|
|
|
61 |
|
| Net increase/(decrease) in cash, cash equivalents and restricted cash |
|
|
692,279 |
|
|
|
(65,388 |
) |
|
|
(294,755 |
) |
|
|
(40,560 |
) |
|
|
1,463,857 |
|
|
|
(360,143 |
) |
|
|
(49,558 |
) |
| Cash, cash equivalents and restricted cash, beginning of period |
|
|
5,132,273 |
|
|
|
6,058,604 |
|
|
|
5,993,216 |
|
|
|
824,694 |
|
|
|
4,360,695 |
|
|
|
6,058,604 |
|
|
|
833,692 |
|
| Cash, cash equivalents and restricted cash, end of period |
|
|
5,824,552 |
|
|
|
5,993,216 |
|
|
|
5,698,461 |
|
|
|
784,134 |
|
|
|
5,824,552 |
|
|
|
5,698,461 |
|
|
|
784,134 |
|
Unaudited Condensed Consolidated
Balance Sheets
(in thousands)
| |
|
As of |
|
| |
|
December 31,
2023 |
|
|
March 31,
2024 |
|
|
June 30,
2024 |
|
|
June 30,
2024 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
| Cash and cash equivalents |
|
|
5,791,333 |
|
|
|
5,903,995 |
|
|
|
5,496,932 |
|
|
|
756,403 |
|
| Restricted cash |
|
|
267,271 |
|
|
|
89,221 |
|
|
|
201,529 |
|
|
|
27,731 |
|
| Trading securities |
|
|
76,053 |
|
|
|
77,967 |
|
|
|
83,889 |
|
|
|
11,544 |
|
| Accounts receivable |
|
|
499,027 |
|
|
|
610,745 |
|
|
|
654,698 |
|
|
|
90,089 |
|
| Guarantee receivable |
|
|
2,890 |
|
|
|
36,787 |
|
|
|
260,759 |
|
|
|
35,882 |
|
| Contract assets, net |
|
|
978,051 |
|
|
|
994,116 |
|
|
|
962,482 |
|
|
|
132,442 |
|
| Contract cost |
|
|
32 |
|
|
|
18 |
|
|
|
206 |
|
|
|
28 |
|
| Prepaid expenses and other assets |
|
|
423,621 |
|
|
|
1,273,040 |
|
|
|
1,662,654 |
|
|
|
228,789 |
|
| Loans at fair value |
|
|
677,835 |
|
|
|
655,058 |
|
|
|
473,311 |
|
|
|
65,130 |
|
| Financing receivables |
|
|
116,164 |
|
|
|
73,383 |
|
|
|
30,501 |
|
|
|
4,197 |
|
| Amounts due from related parties |
|
|
820,181 |
|
|
|
726,991 |
|
|
|
1,509,651 |
|
|
|
207,735 |
|
| Held-to-maturity investments |
|
|
10,420 |
|
|
|
10,420 |
|
|
|
5,087 |
|
|
|
700 |
|
| Available-for-sale investments |
|
|
438,084 |
|
|
|
379,489 |
|
|
|
329,829 |
|
|
|
45,386 |
|
| Equity investments |
|
|
- |
|
|
|
- |
|
|
|
2,500 |
|
|
|
344 |
|
| Property, equipment and software, net |
|
|
79,158 |
|
|
|
77,777 |
|
|
|
77,970 |
|
|
|
10,729 |
|
| Deferred tax assets |
|
|
73,414 |
|
|
|
59,260 |
|
|
|
44,309 |
|
|
|
6,097 |
|
| Right-of-use assets |
|
|
23,382 |
|
|
|
18,758 |
|
|
|
19,462 |
|
|
|
2,678 |
|
| Total assets |
|
|
10,276,916 |
|
|
|
10,987,025 |
|
|
|
11,815,769 |
|
|
|
1,625,904 |
|
| Accounts payable |
|
|
30,902 |
|
|
|
41,484 |
|
|
|
43,710 |
|
|
|
6,015 |
|
| Amounts due to related parties |
|
|
14,414 |
|
|
|
1,122 |
|
|
|
2,485 |
|
|
|
342 |
|
| Guarantee liabilities-stand ready |
|
|
8,802 |
|
|
|
40,583 |
|
|
|
278,656 |
|
|
|
38,344 |
|
| Guarantee liabilities-contingent |
|
|
28,351 |
|
|
|
81,921 |
|
|
|
336,190 |
|
|
|
46,261 |
|
| Deferred revenue |
|
|
54,044 |
|
|
|
46,807 |
|
|
|
38,843 |
|
|
|
5,345 |
|
| Payable to investors at fair value |
|
|
445,762 |
|
|
|
445,762 |
|
|
|
350,000 |
|
|
|
48,162 |
|
| Accrued expenses and other liabilities |
|
|
1,463,369 |
|
|
|
1,595,052 |
|
|
|
1,727,182 |
|
|
|
237,668 |
|
| Deferred tax liabilities |
|
|
122,075 |
|
|
|
114,222 |
|
|
|
55,520 |
|
|
|
7,640 |
|
| Lease liabilities |
|
|
23,648 |
|
|
|
19,025 |
|
|
|
19,280 |
|
|
|
2,653 |
|
| Total liabilities |
|
|
2,191,367 |
|
|
|
2,385,978 |
|
|
|
2,851,866 |
|
|
|
392,430 |
|
| Ordinary shares |
|
|
130 |
|
|
|
130 |
|
|
|
130 |
|
|
|
18 |
|
| Additional paid-in capital |
|
|
5,171,232 |
|
|
|
5,172,942 |
|
|
|
5,175,653 |
|
|
|
712,194 |
|
| Treasury stock |
|
|
(94,851 |
) |
|
|
(109,444 |
) |
|
|
(139,380 |
) |
|
|
(19,179 |
) |
| Accumulated other comprehensive income |
|
|
23,669 |
|
|
|
66,671 |
|
|
|
47,798 |
|
|
|
6,576 |
|
| Retained earnings |
|
|
2,985,369 |
|
|
|
3,470,748 |
|
|
|
3,879,702 |
|
|
|
533,865 |
|
| Total equity |
|
|
8,085,549 |
|
|
|
8,601,047 |
|
|
|
8,963,903 |
|
|
|
1,233,474 |
|
| Total liabilities and equity |
|
|
10,276,916 |
|
|
|
10,987,025 |
|
|
|
11,815,769 |
|
|
|
1,625,904 |
|
Operating Highlights and
Reconciliation of GAAP to Non-GAAP Measures
(in thousands, except
for number of borrowers, number of insurance clients, cumulative number of insurance clients and percentages)
| |
|
For the Three Months Ended |
|
|
For the Six Months Ended |
|
| |
|
June 30,
2023 |
|
|
March 31, 2024 |
|
|
June 30,
2024 |
|
|
June 30,
2024 |
|
|
June 30,
2023 |
|
|
June 30,
2024 |
|
|
June 30,
2024 |
|
| |
|
RMB |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
|
RMB |
|
|
RMB |
|
|
USD |
|
| Operating Highlights |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Amount of loans facilitated |
|
|
8,156,201 |
|
|
|
11,910,367 |
|
|
|
12,936,017 |
|
|
|
1,780,055 |
|
|
|
14,576,413 |
|
|
|
24,846,384 |
|
|
|
3,418,976 |
|
| Number of borrowers |
|
|
1,013,972 |
|
|
|
1,352,200 |
|
|
|
1,491,756 |
|
|
|
1,491,756 |
|
|
|
1,457,736 |
|
|
|
2,439,778 |
|
|
|
2,439,778 |
|
| Remaining principal of performing loans |
|
|
12,768,448 |
|
|
|
20,156,161 |
|
|
|
21,827,634 |
|
|
|
3,003,582 |
|
|
|
12,768,448 |
|
|
|
21,827,634 |
|
|
|
3,003,582 |
|
| Cumulative number of insurance clients |
|
|
1,133,069 |
|
|
|
1,343,660 |
|
|
|
1,410,158 |
|
|
|
1,410,158 |
|
|
|
1,133,069 |
|
|
|
1,410,158 |
|
|
|
1,410,158 |
|
| Number of insurance clients |
|
|
135,449 |
|
|
|
73,687 |
|
|
|
88,766 |
|
|
|
88,766 |
|
|
|
212,414 |
|
|
|
153,807 |
|
|
|
153,807 |
|
| Gross written premiums |
|
|
1,332,458 |
|
|
|
912,431 |
|
|
|
1,060,885 |
|
|
|
145,983 |
|
|
|
2,255,841 |
|
|
|
1,973,316 |
|
|
|
271,537 |
|
| First year premium |
|
|
1,101,928 |
|
|
|
514,141 |
|
|
|
577,387 |
|
|
|
79,451 |
|
|
|
1,729,243 |
|
|
|
1,091,528 |
|
|
|
150,199 |
|
| Renewal premium |
|
|
230,530 |
|
|
|
398,290 |
|
|
|
483,498 |
|
|
|
66,532 |
|
|
|
526,598 |
|
|
|
881,788 |
|
|
|
121,338 |
|
| Gross merchandise volume |
|
|
395,820 |
|
|
|
625,120 |
|
|
|
554,574 |
|
|
|
76,312 |
|
|
|
704,387 |
|
|
|
1,179,695 |
|
|
|
162,331 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Segment Information |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Financial services business: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
|
581,974 |
|
|
|
738,117 |
|
|
|
851,031 |
|
|
|
117,106 |
|
|
|
1,065,847 |
|
|
|
1,589,148 |
|
|
|
218,674 |
|
| Sales and marketing expenses |
|
|
103,164 |
|
|
|
251,922 |
|
|
|
253,103 |
|
|
|
34,828 |
|
|
|
165,382 |
|
|
|
505,025 |
|
|
|
69,494 |
|
| Origination, servicing and other operating costs |
|
|
38,961 |
|
|
|
85,787 |
|
|
|
113,234 |
|
|
|
15,582 |
|
|
|
86,570 |
|
|
|
199,021 |
|
|
|
27,386 |
|
| Allowance for contract assets, receivables and others |
|
|
45,754 |
|
|
|
101,127 |
|
|
|
124,765 |
|
|
|
17,168 |
|
|
|
85,976 |
|
|
|
225,892 |
|
|
|
31,084 |
|
| Provision for contingent liabilities |
|
|
11,975 |
|
|
|
67,258 |
|
|
|
278,925 |
|
|
|
38,382 |
|
|
|
17,474 |
|
|
|
346,183 |
|
|
|
47,636 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Insurance brokerage business: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
|
404,695 |
|
|
|
124,926 |
|
|
|
91,526 |
|
|
|
12,594 |
|
|
|
601,053 |
|
|
|
216,452 |
|
|
|
29,785 |
|
| Sales and marketing expenses |
|
|
3,845 |
|
|
|
3,565 |
|
|
|
4,263 |
|
|
|
587 |
|
|
|
6,134 |
|
|
|
7,828 |
|
|
|
1,077 |
|
| Origination, servicing and other operating costs |
|
|
289,851 |
|
|
|
136,883 |
|
|
|
122,358 |
|
|
|
16,837 |
|
|
|
423,468 |
|
|
|
259,241 |
|
|
|
35,673 |
|
| Allowance for contract assets, receivables and others |
|
|
3,614 |
|
|
|
1,012 |
|
|
|
(1,502 |
) |
|
|
(207 |
) |
|
|
3,626 |
|
|
|
(490 |
) |
|
|
(67 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Consumption & lifestyle business and others: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
|
337,537 |
|
|
|
515,041 |
|
|
|
553,979 |
|
|
|
76,230 |
|
|
|
643,649 |
|
|
|
1,069,020 |
|
|
|
147,102 |
|
| Sales and marketing expenses |
|
|
41,938 |
|
|
|
21,736 |
|
|
|
27,735 |
|
|
|
3,816 |
|
|
|
83,643 |
|
|
|
49,471 |
|
|
|
6,807 |
|
| Origination, servicing and other operating costs |
|
|
17,555 |
|
|
|
10,600 |
|
|
|
10,950 |
|
|
|
1,506 |
|
|
|
36,074 |
|
|
|
21,550 |
|
|
|
2,965 |
|
| Allowance for contract assets, receivables and others |
|
|
(753 |
) |
|
|
9 |
|
|
|
(11 |
) |
|
|
(2 |
) |
|
|
(1,232 |
) |
|
|
(2 |
) |
|
|
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Reconciliation of Adjusted EBITDA |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income |
|
|
527,348 |
|
|
|
485,883 |
|
|
|
409,528 |
|
|
|
56,353 |
|
|
|
954,514 |
|
|
|
895,411 |
|
|
|
123,213 |
|
| Interest income, net |
|
|
(10,535 |
) |
|
|
(27,713 |
) |
|
|
(24,668 |
) |
|
|
(3,394 |
) |
|
|
(25,054 |
) |
|
|
(52,381 |
) |
|
|
(7,208 |
) |
| Income tax expense |
|
|
139,758 |
|
|
|
131,779 |
|
|
|
92,036 |
|
|
|
12,664 |
|
|
|
262,428 |
|
|
|
223,815 |
|
|
|
30,798 |
|
| Depreciation and amortization |
|
|
1,778 |
|
|
|
1,892 |
|
|
|
2,026 |
|
|
|
279 |
|
|
|
3,646 |
|
|
|
3,918 |
|
|
|
539 |
|
| Share-based compensation |
|
|
3,321 |
|
|
|
1,207 |
|
|
|
2,136 |
|
|
|
294 |
|
|
|
5,410 |
|
|
|
3,343 |
|
|
|
460 |
|
| Adjusted EBITDA |
|
|
661,670 |
|
|
|
593,048 |
|
|
|
481,058 |
|
|
|
66,196 |
|
|
|
1,200,944 |
|
|
|
1,074,106 |
|
|
|
147,802 |
|
| Adjusted EBITDA margin |
|
|
50.0 |
% |
|
|
43.0 |
% |
|
|
32.1 |
% |
|
|
32.1 |
% |
|
|
52.0 |
% |
|
|
37.4 |
% |
|
|
37.4 |
% |
| Delinquency Rates |
|
| |
|
15-29 days |
|
|
30-59 days |
|
|
60-89 days |
|
| December 31, 2019 |
|
|
0.8 |
% |
|
|
1.3 |
% |
|
|
1.0 |
% |
| December 31, 2020 |
|
|
0.5 |
% |
|
|
0.7 |
% |
|
|
0.6 |
% |
| December 31, 2021 |
|
|
0.9 |
% |
|
|
1.5 |
% |
|
|
1.2 |
% |
| December 31, 2022 |
|
|
0.7 |
% |
|
|
1.3 |
% |
|
|
1.1 |
% |
| December 31, 2023 |
|
|
0.9 |
% |
|
|
1.4 |
% |
|
|
1.2 |
% |
| March 31, 2024 |
|
|
0.9 |
% |
|
|
1.6 |
% |
|
|
1.4 |
% |
| June 30, 2024 |
|
|
0.8 |
% |
|
|
1.4 |
% |
|
|
1.6 |
% |
| Net Charge-Off Rate |
|
Loan Issued
Period |
|
|
Amount of Loans
Facilitated
During the Period |
|
|
Accumulated M3+ Net
Charge-Off
as of June 30, 2024 |
|
|
Total Net Charge-
Off Rate
as of June 30, 2024 |
|
| |
|
|
(in RMB thousands) |
|
|
(in RMB thousands) |
|
|
|
|
| 2019 |
|
|
|
3,431,443 |
|
|
|
381,533 |
|
|
|
11.1 |
% |
| 2020 |
|
|
|
9,614,819 |
|
|
|
723,686 |
|
|
|
7.5 |
% |
| 2021 |
|
|
|
23,195,224 |
|
|
|
1,418,075 |
|
|
|
6.1 |
% |
| 2022 |
|
|
|
22,623,101 |
|
|
|
1,033,743 |
|
|
|
4.6 |
% |
| 2023 |
|
|
|
36,036,301 |
|
|
|
2,126,589 |
|
|
|
5.9 |
% |
| 2024Q1 |
|
|
|
11,910,367 |
|
|
|
105,205 |
|
|
|
0.9 |
% |
| |
|
M3+ Net Charge-Off Rate |
|
Loan Issued
Period |
|
Month on Book |
|
| |
|
|
4 |
|
|
|
7 |
|
|
|
10 |
|
|
|
13 |
|
|
|
16 |
|
|
|
19 |
|
|
|
22 |
|
|
|
25 |
|
|
|
28 |
|
|
|
31 |
|
|
|
34 |
|
| 2019Q1 |
|
|
0.0 |
% |
|
|
0.8 |
% |
|
|
2.0 |
% |
|
|
3.4 |
% |
|
|
5.3 |
% |
|
|
5.9 |
% |
|
|
6.3 |
% |
|
|
6.3 |
% |
|
|
6.3 |
% |
|
|
6.3 |
% |
|
|
6.3 |
% |
| 2019Q2 |
|
|
0.1 |
% |
|
|
1.5 |
% |
|
|
4.5 |
% |
|
|
7.5 |
% |
|
|
8.8 |
% |
|
|
9.2 |
% |
|
|
9.9 |
% |
|
|
10.3 |
% |
|
|
10.6 |
% |
|
|
10.6 |
% |
|
|
10.6 |
% |
| 2019Q3 |
|
|
0.2 |
% |
|
|
2.9 |
% |
|
|
6.8 |
% |
|
|
9.0 |
% |
|
|
10.4 |
% |
|
|
12.0 |
% |
|
|
13.2 |
% |
|
|
13.8 |
% |
|
|
14.4 |
% |
|
|
14.6 |
% |
|
|
14.6 |
% |
| 2019Q4 |
|
|
0.4 |
% |
|
|
3.1 |
% |
|
|
4.9 |
% |
|
|
6.3 |
% |
|
|
7.2 |
% |
|
|
7.9 |
% |
|
|
8.4 |
% |
|
|
8.9 |
% |
|
|
9.5 |
% |
|
|
9.8 |
% |
|
|
9.8 |
% |
| 2020Q1 |
|
|
0.6 |
% |
|
|
2.3 |
% |
|
|
4.1 |
% |
|
|
5.2 |
% |
|
|
6.0 |
% |
|
|
6.2 |
% |
|
|
6.6 |
% |
|
|
7.3 |
% |
|
|
7.8 |
% |
|
|
7.9 |
% |
|
|
7.9 |
% |
| 2020Q2 |
|
|
0.5 |
% |
|
|
2.5 |
% |
|
|
4.2 |
% |
|
|
5.3 |
% |
|
|
6.1 |
% |
|
|
6.7 |
% |
|
|
7.6 |
% |
|
|
8.1 |
% |
|
|
8.2 |
% |
|
|
8.3 |
% |
|
|
8.2 |
% |
| 2020Q3 |
|
|
1.1 |
% |
|
|
3.3 |
% |
|
|
5.1 |
% |
|
|
6.3 |
% |
|
|
7.1 |
% |
|
|
8.1 |
% |
|
|
8.7 |
% |
|
|
8.9 |
% |
|
|
8.9 |
% |
|
|
8.8 |
% |
|
|
8.7 |
% |
| 2020Q4 |
|
|
0.3 |
% |
|
|
1.8 |
% |
|
|
3.2 |
% |
|
|
4.6 |
% |
|
|
6.0 |
% |
|
|
7.1 |
% |
|
|
7.4 |
% |
|
|
7.6 |
% |
|
|
7.6 |
% |
|
|
7.5 |
% |
|
|
7.5 |
% |
| 2021Q1 |
|
|
0.4 |
% |
|
|
2.3 |
% |
|
|
3.9 |
% |
|
|
5.5 |
% |
|
|
6.7 |
% |
|
|
7.0 |
% |
|
|
7.2 |
% |
|
|
7.3 |
% |
|
|
7.2 |
% |
|
|
7.1 |
% |
|
|
7.0 |
% |
| 2021Q2 |
|
|
0.4 |
% |
|
|
2.4 |
% |
|
|
4.5 |
% |
|
|
5.9 |
% |
|
|
6.4 |
% |
|
|
6.7 |
% |
|
|
6.8 |
% |
|
|
6.7 |
% |
|
|
6.6 |
% |
|
|
6.5 |
% |
|
|
6.4 |
% |
| 2021Q3 |
|
|
0.5 |
% |
|
|
3.1 |
% |
|
|
5.0 |
% |
|
|
5.9 |
% |
|
|
6.3 |
% |
|
|
6.4 |
% |
|
|
6.4 |
% |
|
|
6.3 |
% |
|
|
6.2 |
% |
|
|
6.1 |
% |
|
|
|
|
| 2021Q4 |
|
|
0.6 |
% |
|
|
3.2 |
% |
|
|
4.6 |
% |
|
|
5.3 |
% |
|
|
5.4 |
% |
|
|
5.4 |
% |
|
|
5.3 |
% |
|
|
5.2 |
% |
|
|
5.1 |
% |
|
|
|
|
|
|
|
|
| 2022Q1 |
|
|
0.6 |
% |
|
|
2.5 |
% |
|
|
3.8 |
% |
|
|
4.5 |
% |
|
|
4.5 |
% |
|
|
4.4 |
% |
|
|
4.3 |
% |
|
|
4.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
| 2022Q2 |
|
|
0.4 |
% |
|
|
2.2 |
% |
|
|
3.6 |
% |
|
|
4.1 |
% |
|
|
4.2 |
% |
|
|
4.1 |
% |
|
|
4.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2022Q3 |
|
|
0.5 |
% |
|
|
2.7 |
% |
|
|
4.1 |
% |
|
|
4.7 |
% |
|
|
4.8 |
% |
|
|
4.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2022Q4 |
|
|
0.6 |
% |
|
|
3.0 |
% |
|
|
4.6 |
% |
|
|
5.4 |
% |
|
|
5.4 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2023Q1 |
|
|
0.5 |
% |
|
|
3.1 |
% |
|
|
4.9 |
% |
|
|
5.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2023Q2 |
|
|
0.5 |
% |
|
|
3.3 |
% |
|
|
5.2 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2023Q3 |
|
|
0.7 |
% |
|
|
4.0 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 2023Q4 |
|
|
0.6 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Yiren Digital (NYSE:YRD)
Historical Stock Chart
From Oct 2024 to Nov 2024
Yiren Digital (NYSE:YRD)
Historical Stock Chart
From Nov 2023 to Nov 2024
